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needs help and negotiation. >> with all the focus internationally -- you're joining us from paris today. what important policy issues is its crowding out? where should our focus be at the moment? >> well, of course it's crowding out the issue of how we deal with our friends in europe who are suffering terrible economic pressure. europe is in a drought of no growth, of high unemployment and of real concern about what they do about the eurozone, whether the eurozone itself will continue to hold together and be the right solution. this is an issue -- >> i was just going to say what is america's role here? why is this issue, what's happening in europe, something that should be more significant overseas? >> we're major trading partners with each other. europe is a source of american culture. source of america's most faithful allies. we cannot turn our back on europe and i don't think president obama has any attention of doing so. >> ron freeman, thank you very much for your time this morning. >> thank you, kelly. >>> plenty to get through. if you have any thoughts, you can e-mail us. as far
from paris yesterday. the europeans are heading for the exits. they are deeply afraid of the consequences of an israeli ground incursion, and i think netanyahu has looked around and does not see any support. i think israel will end up here in a weaker strategic position having made the threat but not carry it out. lou: let's follow-up on that. fluor will i want to follow-up on your suggestion. the europeans have never been particularly helpful. that should not be surprising. >> although the financial aid to egypt as part of the bigger package. i think that if you look at where this starts, it started in october, late october when there was a bombing of the sudanese missile factory. that was israel during the first step of this. take up the missiles that were ultimately going to end up in gaza through the tunnels. the second part of it, waiting for the opportunity. clint eastwood's make my day. and so it could retaliate with absolute just cause. go in and take out the missile battery. from what i gather they have achieved 90 percent of what they set out to do. from isra
. giving up some of these gains. ftse 100 up 0.4%. xetra dax half a percent. sp spain and paris in green. greek almost down 2% with greek bank stocks leading the way lower. dallas fisher said the u.s. central bank must set limits on its monetary policy. the hawkish fisher warned the size of the fed asset purchase program is abnormal saying he opposes an extension of operation twist. the latest s&p case shiller index due later today is expected to show continued improvement for home prices in 20 major u.s. cities. providing further evidence of a long term rebound for the sector or sdw does it. our next guest is eric glean, chief of u.s. rates research and strategy at td securities. paul dale is also still with us. eric, good morning. first to you. tell us why you're concerned the housing recovery might not be for real. >> well, we have seen fits and starts in this recovery. i do think it is for really. we won't be seeing an upward move, but there are encouraging signs. we're seeing home prices improve across most regions of the company. inventories on a monthly basis are half of what they
. >>> welcome to "worldwide exchange." you're seeing live shots from paris where mario draghi is speaking at a conference. let's listen in. >> certainly there has been recent progress in the convergence of relative costs and internal and external imbalance and i want to say a few words about this progress because we also miss to acknowledge the positive things that have happened in recent months. is this reflects stronger policy as well as structural reforms. trade balances havele also improv improved. in most cases this improvement has resulted from a combination of a relatively strong export growth particularly in spain and portugal, and very weak or negative import growth notably in greece. the contraction of domestic demand continues to play a role in this adjustment. part of this is cyclical. but it also reflects rebalance from previously unsustainable domestic demand growth. demand has to be contained and sbla h supply has to be increased. supply adjustment takes more time. there are also signs that competitiveness gains have contributed to recent improvements in current
of the problems for the greeks right now. they lost ground, but also want to show you what happened over in paris. the president of france kicking in the huge tax increases causing lots of problems in europe right now. finally over to london as you can see losing ground more than 1% loss in the london market. speaking of london, millions take to the street. the biggest protest yet, against the cutbacks of government-funded salaries and pension benefits. in london with the latest developments on all of this. >> so far london is quiet, although there are some that have been scheduled to happen in the latter part of the day. basically they're simply saying enough is enough. they feel the budget cuts are doing nothing from stymied growth. one processor so you have to leave something for the grandchildren but at this point there really is nothing. despite all the cuts, the economy will shrink 1.5% this year, predicted the airline just cut 4500 jobs in one of the major papers laying off a quarter of its staff. the government has stepped in to stop the evictions of people who can't pay mortgages after t
these sad about the continent? stay away? try it? >> start in niece or paris but if you're a thinking of investing, try to invest in europe and take the euro out of europe. that is try to buy the european equities but if you can, ahead to the euro because the euro is a big risk. chances of the euro going back to 160 su above $1, and knows? 5050. the currency in europe gets much weaker than it has been, it will impact the american equity investors. let's get exposure to european equities so you have exposure but let's had the impact of the euro and we have done that in the first hedged europe equity batf out there so be conscious of the currency because it could go either way and the same thing in japan. the currency in japan is at a pivot point. so i would be looking at had japanese equity. it may weaken from here. the dollar is weakening but strengthening for 25 years and getting to and inflexion point. they have an election coming a. bank of japan getting more aggressive than you might see a weakening yen and going forward. cheryl: thank you very much. great to have you on the show.
ahead on the kron 4 morning news and arrest has been made in the muni bus that was vandalize paris will have the new details next. >> the san francisco forty- niners quarterback alex smith was diagnosed with a concussion after the game with the st. louis rams. will he be able to play for the matchup between the chicago bears. >> will be right back on our kron for a morning news stay with us. (male announcer): live from the bay area this is the kron 4 morning news. kron 4 news at 5:00 a.m. starts now. >> good morning. we are falling gas prices across the state and here in the bay area. we will take a live report and make sure they are headed in the right direction. >> the big 49 and alex smith knocked out of the game with a concussion. as the niners to something that has not been done in the end at belfort over four years. >> the bay area walking up to cold temperatures this morning. we will have more on what is coming up with the forecast here as we take a live look outside. we will go to san rafael where jackie sissel is standing by. >> hi jackie i understand it is pretty chilly?
no problem. so those stunning comments coming after he met with the unions in paris who were upset about the potential closing of the plant and then uses america as a cover. and then there was china. apparently our fiscal cliff mess has them up in arms. a chinese newspaper scolding the u.s. writing this. a country such as the united states that is accustomed to telling other nations to be responsible should on the one big problem concerning the future of the global economy show itself to be a responsible power. imagine that. china which we know doesn't play fair on chair or valuing currencies basically calling the u.s. irresponsible. and you know what? you can't argue with them. they are not wrong. our politicians have made it so a socialist government in france is looking to mimic us and a communist government is mocking us. take a look at the markets today. the dow jones industrial average had a burst at the close. it was up at 30 points
and walnut creek is happening in just over an hour--chik fillet pari. some are there because they're looking for to something. some are there because they want to protest something. >> it is cold out here but that is not stopping the large group from capping out. this is for the grand opening of chik fillet. the first few people will get free food for a year lot of interest in that. however, there is a protest planned here for 9:00 a.m.. the people are here now for the free food. no protesters here yet. protesters are protesting against what they call the company's donation's against anti-gay organizations. several months ago the company's president came out in strong support of traditional marriage. that caused protests from the gay and lesbian community. lot of protesters coming this morning. you can see a lot of tense. the protest is planned for 9:00 a.m. this morning. if you are planning on getting chicken here in walnut creek you may have to wade through protesters. lot of people try to get free food. it will be a busy morning in walnut creek. 9:00 a.m. the area to watch. thankou mark w
be tempted at some point if they see enough windows to go in. credit agricole shares are sinking in paris due to write downs on it assets in greece and other charges in italy, france and spain. the group had a loss of 2.85 billion euros, revenues down 32% after booking a charge of almost 2 billion euros on the sale of its greek unit. >>> stick around, because coming up in a little bit, german insurer allianz has maintained its 2012 targets despite super storm sandy. we'll speak to the cfo. >> plus coming up we bring you your very own blockbuster. [s #. >>> china releases improved economic data for october on the second day of the communist party congress. beijing inflation continues to cool. >> allianz maintains its full rear target despite super storm sandy on the back of solid quarterly results. we'll hear from the cfo. >> luxury goods make ir announces two ceos but admits to slowing asian sales. >> and credit agricole pays a steep price to exit greece as it takes a hit on the sale to alpha bank. >>> britain's trade deficit narrowed a little bit more than expected in september. third quarte
to flee the country because of the high income tax increase. stephane has more in paris. as we look at some pictures, how has this gone down in the rest of france? are they viewing this as a criticism of the french tax system or of him? >> it's all about francois hollande. he explained the policy of the government, including fiscal policy. there's not much room for depardieu this morning. but it's not a big surprise. it's one less paying taxes in france as a result of the new tax policy implemented by the socialist government. it's a report from the belgium newspaper, which is reporting that gerard depardieu brought a property in a small village located just by the french border, and plans to escape the tax implemented by the government. the mayor of the village was unable to confirm that gerard depardieu bought a home in the village. it wouldn't be surprising, though, because this small village already has a 27% french population. it's not glamorous like london, geneva or even monaco, but it would be the place to pay less taxes and being close to french border. he earned two millio
at the bourses. ibex 35 trying to buck the trend, but elsewhere seeing red, whether in paris, ex-extra dax down 0.4%, and we'll have plenty more in germany with silvia. we can take a look at the bond space and see a similar theme playing out. prices are falling, yields are rising. they've really maintained that one percentage point spread, but most back up to the psychological levels if nothing else. bunds 1.33%. it's extraordinary just what low levels we're seeing over here. quick look at forex. dollar-yen up three quarters of a percent there. again, on some of the political transition that may be happening in japan. euro-dollar is a little bit higher this morning, 1.2752. and a quick look at what's happening in the commodity space because yesterday this absolutely was the one to watch. on a day when we saw u.s. markets really falling on their face, we nevertheless saw increases in oil, not exactly what you like to see. has more to do with the violence we're seeing in gaza and we'll have plenty more on that story. we're seeing brent and nymex adding more. up 0.3% for brent. showing more of a rea
liquid in the eurozone. moody's joined s&p by stripping paris of its aaa rating citing growing about public debt levels and its diminished ability to withstand future euro area shock. bank of japan remains steadfast despite rising political pressure prompted by controversial comments from the likely next prime minister who has called for an unlimited amount of cash. he wants benchmark rates to come in below zero. but the bank of japan governor has dismissed those ideas. the chief said negative interest rates will lig early liquidity concerns in the market martin schultz is with us. thanks for joining us. is this a sign of things to come, a big standoff with japan? >> well, it's rather surprising that a hopeful government coming in is picking a fight with the bank of japan when they're starting off. what is happening here is that it seems that the ldp doesn't really have a growth strategy right now and the frustration in industry with the strong yen and slowdown in export is tremendous about that. >> big problems if we have unfettered money printing. would there be as he also says 30
, for more on this extraordinary tale, stephane joined us now from paris. is this as intrusive as it sounds? >> they are increasing the pressure to keep these furnaces in the northeast of france. however, francois hollande did use the same words as the industry minister earlier this week. the french industry minister said he was no longer welcome in france because of years of broken promises with the government. yesterday evening when he met with the ceo of the company, francois hollande urged the company not to shut down the furnaces in the northeast of france. he raised the possibility to temporary nationalize these activities, and he also asked to continue the negotiations until the deadline, which is set on december 1st, to find a potential buyer for these furnaces, which in total employees more than 600 people. in the meantime, the mayor of london couldn't miss such an opportunity to mock the french governmen government,. calling them a red call left wing movement during the french revolution in 1789. >> the french minister has been so eccentric as to call for a massive investor to dep
that some successful couple in long island should pay more taxes. dagen: preventing kids like paris hilton for being wealthy down the road so we do not have to look at them. charles: nobody cares about taxes when they are making investments. dagen: number one read story is tax moves you need to make right now before the end of the year. connell: there you go. thank you, charles. dagen: america and record numbers now going online to buy holiday gifts. connell: this tax battle on capitol hill that we have been talking about. the judge says there should be no discussion on taxes at all. we will get to the judge. first of all, let's take a look at the markets. let's take a look at currency. ♪ ♪ ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petchemical operation. ♪ when emerson takes up the challenge, "it's nev been done before" simply bemes consider it solved. emerson. ♪ emerson. [ camera flash ] great... were you profitable last month? how much money is in your checking account? have the browns paid you for t
'm coming from paris in new jersey. i work in staten island but yesterday going home i was very low on gas so i stop and then park first and after an hour and a half to two hours waiting, i got to the gas station, unfortunately out of gas, there was no more gas. >> reporter: so he was here this morning. now along with power outages at the retail station, there are also power outages at the storage terminals in new jersey so that means the gasoline that's in those terminals can't be delivered to the stations. in addition the port of new york and new jersey is closed so gas can't be imported through that port, it has to go through alternatives and trucked in. in order to provide some relief, governor chris christie has waived basically a rule that prevents gasoline stations here in new jersey from buying gas from out of state dealers so that should provide some relief for residents. nevertheless, the relief isn't expected to come any time soon. expect some gas lines for a few days to come. if there's any good news, prices here at the vince lombardi station are only about five cents above the
'oreal paris in betancourt. >>> 42 minutes past the hour. bonnie schneider has the thanksgiving forecast. it's looking pretty good out there. isn't it, bonnie? >> it is. we're watching out for windy weather, alina. that holds true from bismarck to minneapolis. wind gusts could be as strong as 48 miles per hour. in parts offed in we're also facing snow. so blowing and drifting snow from areas of grand forks into fargo. it's going to be a little bit messy for your thanksgiving day travels. gusts will be climbing up to 45 miles per hour. elsewhere across the country, we're also tracking dense fog. so clouds on the ground from paducah, kentucky, cape girardeau, to memphis, tennessee. low clouds. i think it will improve by 9:00 am. if you are flying today -- many of you are trying to catch that early flight in time for your tirky. in minneapolis and soelt where we've had rain showers and low clouds. where it's not raining, millions of people will be out and about. new york city. the parade weather looks fantastic this year. bright sunshine and temperatures in the 40s. climbing into the low 50s fo
by 0.5% as is the cac in paris and germany. the dax is off by 0.8%. >>> back in the united states congress returns to session today, this is the lame duck session that is kicking off. legislators faced a seven-week deadline to reach agreement on scheduled tax hikes and budget cuts that threatened to send the u.s. economy off a fiscal cliff. eamon javers, can we expect much? >> the lame duck session does begin today, as you say, and we can expect a lot this week, we'll see a lot of activity, if not real deal making, starting today let me walk you through the schedule of what will happen. congress is back today and also we're going to see the president of the united states meeting with progressive and labor leaders over at the white house, that's today. tomorrow we're going to see the president meeting with business leaders over at the white house, and we're also going to see the president hosting a press conference in which he'll take questions from reporters, remember his statement last week he didn't take questions. he's going to take some questions tomorrow and of course on frid
out buttons. >> i wasn't, but i was in paris and i went to abercrombie & fitch. and by the way, the store is unbelievable. unbelievable inside. >> bunch of freaks standing in line. weird looking people. >> because you walk and then they have models standing there without shirts on. >> weird-looking dudes and all young. maybe it's because they're young, that's why they look weird to me. revenue was $1.17 billion versus -- that's a big beat, though. and the guidance, 250 to 2.75, above where expectations were. that's a nice rebound. it had be been back in the 50s. and cisco reported 48 cents a share, 2 cents ahead of expectations, revenue was 11.88 billion, that was above expectations, as well, and that stock's getting a little bit of traction, still below 20. >>> still to come this morning, we do have breaking economic news, retail sales and ppi numbers coming out at 8:30. we'll get the numbers and tell you what they say about the upcoming holiday shopping season. >>> plus, venture capital meets the fiscal cliff. the man behind starters like tumblr and how technology companies a
like london and paris and frankfurt, and what's really important about being in those locations is it gives them an advantage over their competitors in that they're able to provide lower latency, able to provide a shorter distance from point a to point b for their customers. >> so that's something you like, and you've also been looking around at a pharmaceutical company in canada. what do you see there? >> yes, valiant pharmaceutical we think is a pretty interesting not your typical pharmaceutical company. when you think about a big pharma company you think about them spending a lot of money on r&d for drug development. that's not what valeant does. they're spending 3% instead of 20% on revenue. they're going out and they're finding interesting niche drugs and drug companies and acquiring them and they're cutting the expens expenses, plugging the drugs into their distribution and able to add a lot of shareholder value by doing that. >> so what first brought to you valeant? what made you find that company? >> we found it on a screen with our bottom up process we do a lot of scree
is pushing the eurozone into a new recession. oecd joining us from paris. good morning. we have a huge debate in this country about austerity and what it means. reading your new report, will seems to be a suggestion that the austerity in europe is actually holding things back. is that right? >> the thrust of the report shows that number one there is a need that the united states don't go over the fiscal cliff. but also that if you don't, there is growth in the united states and that in fact is the area that will be recovering faster. second, in the case of europe, good news, the greek package yesterday, thousand we still have to address institutional issues having to deal with countries under pressure like spain or italy, and of course solving the whole of the debt problems and getting all the elements of the machinery in place, a bazooka has to be fully loaded ready to fire, are made k markets have to know the bazooka is there in case there is greater volatility. but there is institutional progress, but we see a 2013, 4 2014 scenario of slow growth, sluggish growth, picking up a little in
deal does get done after the third round of talks right now it looks like london and paris are in the green as is frankfurt. our road map starts in omaha where conagra is buying ralcorp. a deal worth 6.8 billion including debt makes it the largest private label food manufacturer. has it lit a fire under m & a? >> don't come in with a negative attitude when i'm positive. >> we want to talk about the wave of special dividends. it continues. this time las vegas sands and dillard's, nearly 60 payments pulling payments forward ahead of tax changes next year. the question is who's next? >> greece gets the bailout payment as the eu and imf agree on terms of debt sustainability. where does it leave the greek economy which has already shrunk by nearly a fifth? >>> and warren buffett on tv this morning saying he wouldn't sell a single share of stock even if he was guaranteed the u.s. goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 b
Search Results 0 to 22 of about 23 (some duplicates have been removed)

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